Registered number
02547318
Chantry Developments Limited
Filleted Accounts
31 December 2024
Chantry Developments Limited
Registered number: 02547318
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 526 701
Investments 4 1 1
527 702
Current assets
Debtors 5 73,393 76,068
Cash at bank and in hand 88,760 84,315
162,153 160,383
Creditors: amounts falling due within one year 6 (20,077) (37,613)
Net current assets 142,076 122,770
Total assets less current liabilities 142,603 123,472
Provisions for liabilities (133) (133)
Net assets 142,470 123,339
Capital and reserves
Called up share capital 3 3
Profit and loss account 142,467 123,336
Shareholders' funds 142,470 123,339
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C H Perrin
Director
Approved by the board on 10 September 2025
Chantry Developments Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 19,461
At 31 December 2024 19,461
Depreciation
At 1 January 2024 18,760
Charge for the year 175
At 31 December 2024 18,935
Net book value
At 31 December 2024 526
At 31 December 2023 701
4 Investments
Other
investments
£
Cost
At 1 January 2024 1
At 31 December 2024 1
5 Debtors 2024 2023
£ £
Trade debtors 64,694 67,849
Other debtors 8,699 8,219
73,393 76,068
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 16,577 31,462
Other creditors 3,500 6,151
20,077 37,613
7 Related party transactions 2024 2023
Directors' Loan Account £ £
The director is a related party to the company
At 31 December, the company owed the related party the following
interest-free, unsecured loans which are repayable upon demand:
Amount due to/(from) the related party (8,499) (8,080)
8 Controlling party
The directors are the ultimate controlling parties of the company by virtue of their 100% ownership of the issued share capital of the company.
9 Other information
Chantry Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Birkrigg 1B Dorchester Road
Hazel Grove
Stockport
SK7 4DH
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